Energy News

Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
News
Crypto mining's environmental impact continues to raise concerns with regulators and businesses alike.
New York businesses ask governor to deny permits for crypto mining
Arijit Sarkar
2021-10-18T09:30:58+01:00
482
Analysis
Innovative oil and gas companies are leveraging blockchain, but the industry as a whole may be slow to adopt the technology.
The future of the vast oil and gas industry depends on blockchain
Rachel Wolfson
2021-10-15T16:14:00+01:00
4536
News
The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000.
Canadian city plans to supply residents’ heat using Bitcoin mining
Turner Wright
2021-10-14T21:20:00+01:00
10441
News
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Too early to talk about using crypto for oil trading, says Putin
Helen Partz
2021-10-14T10:32:12+01:00
5052
News
Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action.
Canadian Bitcoin mining firm Link Global faces $5.6M penalty
Helen Partz
2021-10-05T10:07:13+01:00
4567
News
El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility.
El Salvador president teases geothermal Bitcoin mining farm
Helen Partz
2021-09-29T13:28:10+01:00
8702
Sponsored
A blockchain-based project plans to build renewable power projects with funds raised from the ICO.
This project wants its crypto token to be the source of renewable energy creation
Samyuktha Sriram
2021-09-26T17:58:00+01:00
5406
Analysis
Crypto mining companies leveraging renewables may also have a much larger impact on clean energy for the environment.
Clearing the air: Renewably sourced Bitcoin may ensure a clean energy future
Rachel Wolfson
2021-08-20T14:44:00+01:00
4176

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